Looking for first flip, no money, need funding!

[Melanie Clift]

My partners and I are new to real estate investing. We're trying to figure the whole private lender, hard money lender, etc thing out. My partner met with a banker today and he suggested we take out a HELOC against our personal homes to fund our first project as a business.

We are starting out with no capital and based on that he's saying that this is our best option. Is this true?? Or it it possible to find a lender who will work with us on our first project without involving our personal assets. Please help! Any ideas, comments are appreciated. 

Is this even recommended based on "co-mingling funds" being a no-no and whatnot?